Pain for motorists as filling car with petrol touches £100 ($158.71)

[FarCenter]

The AA said the cost of unleaded petrol reached a new peak of 140.2p a litre, piling the pressure on already-stretched motorists.

The price is equivalent to £6.37 a gallon. Diesel also hit a record high of 146.7p a litre, the motoring association said.

Filling a large family car with a 70-litre tank — such as a Ford Mondeo — with unleaded petrol now costs £98, a rise of £6 since the start of the year. A diesel family car now costs £103 to fill, £5 more than at the start of the year. Experts say the cost of unleaded petrol is likely to spiral towards 150p a litre by the end of the summer, particularly as George Osborne refused to cancel the proposed August fuel duty rise in the Budget this week.

Motoring groups said the rise in the cost of petrol was hurting drivers.

http://www.telegraph.co.uk/motoring/9164101/Pain-for-motorists-as-filling-car-with-petrol-touches-100.html

[mwooldri]

1. Shows one thing: the darned oil market is dictating prices.

The pain is the same both sides. A fill up either side is about $50 more than what is was either side of the Atlantic. Yes UK prices are higher but that's because the taxes are greater on motor fuel.

[Art_from_Ark]

2. The price has gone up quite a bit here in Japan as well

Not too long ago, I was paying about 128 yen/liter (approximately $6.18/gallon at that time) at the local discount station.

Today, it's 150 yen/liter ($6.80/gallon).

[msongs]

3. SPECULATORS are running up prices - parasites and leeches with no value nt

[SoCalDem]

4. They still have advantages over us.

1) no outrageous health care premiums draining their bank accounts
2) very adequate public transport to most places they want/need to frequent
3) walkable neighborhoods/towns